Crude Bitcoin Technical Outlook (BTCUSD): Stability at $67,500 Amid Momentum Struggle and Liquidation Pressures

BTCUSD is moving on the four-hour timeframe within a sideways range with a bearish bias following a corrective wave from the recent peak near the 79,000 area. The price failed to hold above the 0.382 Fibonacci level around 72,800, reinforcing selling pressure and pushing trading back below the long-term descending moving average. The price structure shows a sequence of lower highs, while remaining below the key 0.5 pivot zone, reflecting the continuation of short-term negative momentum unless a clear breakout occurs accompanied by strong buying momentum.

The chart also shows the formation of a complex corrective pattern (A-B-C), followed by a bearish extension toward the recent low near 60,000, before a technical rebound supported by oversold conditions on the RSI, which recovered from below 30 to above 50. This supports the possibility of continued upside toward 72,800, followed by a potential retest of the 78,000–80,000 area, where horizontal resistance converges with the 0.618 Fibonacci level. However, as long as price remains below 68,500, the scenario of revisiting the recent lows remains valid.

If the price manages to hold above 72,800 on a four-hour closing basis, we could see bullish acceleration toward 75,000 and then 78,000. Conversely, failure and a drop back below 65,000 would restore negative momentum and open the way toward 62,500 and then 60,000 as key support levels. The short-term trend shows signs of improvement, conditional on breaking the dynamic resistance, while a break below the recent low would confirm the resumption of the medium-term downtrend.

Supports: 60,000 – 62,500 – 65,000

Resistances: 72,800 – 75,000 – 78,000.